deficiency attorney: DEFICIENCY JUDGMENT BARRED AFTER 1 YEAR - CAN IT APPLY TO SHORT SALES? - 06/16/15 01:14 PM
Florida homeowners who lost their home to foreclosure or short sale could be escaping a deficiency judgment if the lender misses the statue of limitations.  The new law, now in its second year, seems to have former Florida homeowners  escaping deficiency risk where their lenders - especially 2nd mortgage lenders - forget to pursue unpaid balances owed after just one year.  The prior rule was five years.  I last mentioned this new law at my article Deficiency Lawsuits In Florida Accelerate To Meet Deadline
The new law is complicated because of innuendo and gray areas of interpretation.  However it seems abundently clear that if … (6 comments)

deficiency attorney: CAN YOU RUN AWAY FROM A MONEY JUDGMENT? - 06/03/11 03:30 PM
This week I received no less than 4 inquiries from out of state owners of Florida real estate.  Each one of them was under the impression that by moving away from Florida they also "moved away" from the ability of the bank to pursue them for any deficiency or other Florida incurred debt.  Each one of them is completely wrong.
Recognition of Judgment
Generally, the "recognition" of a foreign judgment occurs when the court of one country or state accepts a judicial decision made by the courts of another "foreign" country or state, and issues a judgment in substantially identical terms … (19 comments)

deficiency attorney: MOTION FOR DEFICIENCY JUDGMENT - FORECLOSURE CONSEQUENCES - 06/30/10 10:24 AM
Today I received a call from one of my blog readers asking me for help with a pleading he received months ago, that is now being scheduled for a hearing in August.  This is a prime example of why Strategic Defaults or just walking away from a property can be so dangerous.  The pleading is a Motion for Deficiency Judgment from a foreclosure judgment and sale that occurred but was (like most other foreclosure sales) acquired by the lender for a nominal bid.  I and many others have been writing about this forgotten liability of borrowers. 
Now here is an example of … (13 comments)

 
Richard Zaretsky, Florida Real Estate Attorney (THE ZARETSKY LAW GROUP - Board Certified Real Estate Atty and AUTOMATED LAND TITLE COMPANY)

Richard Zaretsky

Florida Real Estate Attorney

West Palm Beach, FL

More about me…

THE ZARETSKY LAW GROUP - Board Certified Real Estate Atty and AUTOMATED LAND TITLE COMPANY

Address: 1615 Forum Place, Suite 3A, West Palm Beach, Fl, 33401

Office: 5616896660 x 107

Mobile: (561) 329-2279

Legal true life experiences, general observations and commentaries for Realtors, Lawyers and Mortgage Brokers - also see our Palm Beach County Short Sales group blog.
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